12 FEB 2025
Riyadh, KSA, 12 February 2025: In a landmark move to redefine automotive logistics in Saudi Arabia, Bahri Logistics, a subsidiary of Bahri, The National Shipping Company of Saudi Arabia, renowned for its Logistics & shipping solutions, has partnered with TASARU Mobility Investments and The Mosolf Group to form a strategic joint venture. This collaboration aims to enhance the automotive and mobility sectors, with a focus on innovation and sustainability in alignment with Saudi Arabia's Vision 2030.
Saudi Arabia is actively developing its automotive manufacturing sector, its vision is to produce over 400,000 cars annually by 2030, in a widely scattered automotive logistical environment the JV will be bringing a global expertise used by International OEMs into the market which further underscores its strategic importance.
Bahri Logistics brings to the table its extensive experience in leading logistics solutions and a deep understanding of the local market, crucial for transforming the Kingdom into a significant logistics gateway linking three continents. TASARU, wholly owned by the Public Investment Fund (PIF), acts as a strategic investor, leveraging its insights to address the evolving needs and increasing demand within the automotive and mobility sectors, ensuring alignment with Saudi Arabia’s Vision 2030. The Mosolf Group, a leading European provider of automotive logistics, contributes technical expertise and operational knowledge gained from managing over three million vehicle movements annually across more than 41 technical and logistics centers in Europe.
Eng. Soror Basalom, President of Bahri Integrated Logistics, commented on the venture, stating, "This collaboration with The Mosolf Group's technical expertise and TASARU’s investment prowess brings together to Bahri Integrated Logistics a robust Automotive logistics infrastructure and solutions, which is integral to our transformation into a Multi Vertical logistics leader. This joint venture not only boosts our operational capabilities but also enhances the efficiency of vehicle import and export operations and supports the growth of the local manufacturing infrastructure."
Michael Mueller, CEO of TASARU, shared his vision for the joint venture, "At TASARU, we have a profound understanding of the evolving market needs. This partnership represents a strategic investment to address increasing demand in the automotive and mobility sectors. This joint venture is one of many initiatives geared towards enhancing the Kingdom's global competitiveness and driving sustainable logistics innovation in the automotive and mobility sectors. We are committed to addressing market challenges, ensuring our services align seamlessly with Saudi Vision 2030, and contributing to the growth of the Kingdom's automotive and mobility landscape."
Dr. Jörg Mosolf, from Mosolf Group added, "Our experience in managing over three million vehicle movements annually across more than 41 technical and logistics centers in Europe positions us uniquely to bring best practices and advanced logistics solutions to this venture. We are committed to enhancing the operational success of Saudi Arabia’s automotive sector by implementing efficient logistics processes for both imported and locally manufactured vehicles."
The joint venture will offer an array of services, including shipping, transportation, electric vehicle handling, inspection, and customs clearance, all designed to meet the specific needs of Saudi Arabia’s burgeoning automotive industry. Moreover, this strategic alliance is expected to create new job opportunities, develop professional skills in logistics, and significantly contribute to the economic diversification of the Kingdom.
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